Big Bytes

Greenfield ports at Dugarajapatnam and Sagar Island in India

The shipping ministry will apply the model concession agreement (MCA) for state ports (those owned by the state governments) prepared by the Planning Commission earlier this year at the two new greenfield ports planned by the Union government at Sagar Island in West Bengal and Dugarajapatnam in Andhra Pradesh, involving a combined investment of Rs.15,800 crore. “The model concession agreement currently followed by the major ports (those owned by the Union government) is for setting up individual berths and terminals within a major port.
Whereas, the MCA for state ports is better suited for developing greenfield ports and we will use that for the Sagar Island and Dugarajapatnam port projects,” a spokesman for the shipping ministry in Delhi said. The Planning Commission had finalized the so-called MCA for ports outside the control of the Union government, as such a document was found necessary when the state governments seek and avail of viabiliy gap funding (VGF) from the central government for new port projects.
The two new ports will be set up as companies and function as landlord ports, a model for developing ports wherein the land and waterfront infrastructure is owned by the government-controlled company which are given on lease to private firms who put up and maintain their own super structure and install their own equipment to handle cargo
Read more at livemint.com

Leave a Reply

You may also like:

Generic

CREDAI Hyderabad checks into a new Office

The new office to have dedicated space to focus on Skill Development for members and their technical and marketing work force for enhancing efficiency & effectiveness. Hyderabad 28th May 2017 – CREDAI Hyderabad formally announced the launch of their New Office at Lumbini Mall, Road No 2, Banjara Hills . The new premises was inaugurated by Sri Etela […]

Read More
Generic

3 BHK Apartments in Velacherry, Perungudi, Chennai

Falling Waters, luxury apartments is the newest project in Perungudi, OMR. This project consists 2, 3 and 4BHK apartments ranging from 1434 sq.ft to 3365 sq.ft, giving a spacious home. The terrace gardens, auditorium, mini theatre, gymnasium and infinity swimming pool are the highlights of Fallling Waters. Phone: 81445 99599 / 95001 21234 Address: Falling […]

Read More
Generic

Gated Communities in Bangalore

Gated Community Development Gated Community Development is a relatively recent concept in real estate usage. Its name owe its origin to the integrated housing colonies which are surrounded by perimeter fencing and with watch and ward personnel manning the gates and regulating the entry and exit of outside visitors with no place for the visitors […]

Read More